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Volvo Cars announces March and first quarter global retail sales: growth of 11.5 per cent in March, first quarter up 11.9 per cent

Volvo Car Group announces March and first-quarter retail sales: global sales growth of 11.5 per cent in March and strong first quarter growth of 11.9 per cent

 

  • First quarter sales of 120,591 cars, up 11.9 per cent
  • Ten consecutive months of global growth
  • Sales up in all key regions – Europe, US and China
  • New Volvo XC90 best-selling Volvo model in the US and global growth driver

 

Volvo Cars continues to grow sales globally in March and posted an 11.5 per cent increase in retail sales for the month, selling 52,279 cars. Sales of the all-new Volvo XC90 were the main growth driver globally, while the XC60 was the best-selling model overall. Global growth in the first quarter amounted to 11.9 per cent.

Volvo XC90 T5 Inscription AWD - model year 2017

The United States reported a sales increase of 15.9 per cent versus the same month last year, marking the ninth consecutive month of double-digit growth. Retail sales amounted to 6,857 cars. The new Volvo XC90 was the key growth driver and the best-selling Volvo model in the US.

 

Sales in Europe as a whole were up by 13.1 per cent with growth across the region with the UK being the fastest growing market in March and Volvo Cars’ biggest market for the month. The Volvo XC60 was the best-selling model in Europe while the new XC90 represented most of the growth for the month.

 

Volvo China reported retail sales of 7,542 cars in March, up 13.9 per cent. The best-selling cars were the locally produced Volvo XC60 and S60L models.

 

Retail sales status (deliveries to end customers) for Volvo Car Group is as follows:

 

 

March

 

January – March

               
 

2015

2016

Change

 

2015

2016

Change

               

China

6 620

7 542

13,9%

 

17 311

19 636

13,4%

               

USA

5 916

6 857

15,9%

 

13 723

16 361

19,2%

               

Sweden

5 775

6 432

11,4%

 

14 093

16 047

13,9%

               

West. Europe

20 504

23 295

13,6%

 

43 522

49 305

13,3%

               

Other markets

8 067

8 153

1,1%

 

19 072

19 242

0,9%

               

TOTAL

46 882

52 279

11,5%

 

107 721

120 591

11,9%

 

The Volvo XC60 was the best-selling model in March with 14,676 sold cars (2015: 15,925), followed by the Volvo V40 and V40 Cross Country at 10,965 cars (11,585). The new Volvo XC90 was the third best-selling model with 8,541 sold cars (new). Sales figures by model can be found in the Sales Volumes section of the Global Newsroom.

 

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Volvo Car Group in 2015

For the 2015 financial year, Volvo Car Group recorded an operating profit of 6,620 MSEK (2,128 MSEK in 2014). Revenue over the period amounted to 164,043 MSEK (137,590 MSEK). In 2015, global sales reached a record 503,127 cars, an increase of 8 per cent versus 2014. The record sales and operating profit cleared the way for Volvo Car Group to continue investing in its global transformation plan.

 

About Volvo Car Group

Volvo has been in operation since 1927. Today, Volvo Cars is one of the most well-known and respected car brands in the world with sales of 503,127 in 2015 in about 100 countries. Volvo Cars has been under the ownership of the Zhejiang Geely Holding (Geely Holding) of China since 2010. It formed part of the Swedish Volvo Group until 1999, when the company was bought by Ford Motor Company of the US. In 2010, Volvo Cars was acquired by Geely Holding.

 

As of December 2015, Volvo Cars had almost 29,000 employees worldwide. Volvo Cars head office, product development, marketing and administration functions are mainly located in Gothenburg, Sweden. Volvo Cars head office for China is located in Shanghai. The company’s main car production plants are located in Gothenburg (Sweden), Ghent (Belgium), Chengdu and Daqing (China), while engines are manufactured in Skövde (Sweden) and Zhangjiakou (China) and body components in Olofström (Sweden).

Keywords:
Sales Volumes, Corporate
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